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varitronix international ltd (710) Details

Varitronix International Limited, an investment holding company, designs, manufactures, and sells liquid crystal displays and related products the People’s Republic of China, Europe, the Americas, South Korea, and internationally. The company offers TN/STN monochrome character liquid crystal displays (LCD) modules, monochrome segment LCDs, monochrome graphics LCD modules, monochrome and color thin film transistors, bi-stable cholesteric displays, 3D glasses, and active barriers, as well as improved black nematic, improved super twisted nematic (STN), double STN, and enhanced STN display products. Its products are used in automotive, industrial, and other applications The company also engages in property holding; and marketing and sales consulting activities. Varitronix International Limited was founded in 1978 and is headquartered in Kwun Tong, Hong Kong.

varitronix international ltd (710) Key Developments

Varitronix International Limited reported unaudited consolidated cash flows for six months ended June 30, 2016. For the period, the company’s net cash generated from operating activities was HKD 108,324,000 against HKD 125,316,000 a year ago. Payment for the purchase of fixed assets was HKD 24,635,000 against HKD 17,339,000 a year ago.

Varitronix International Limited Announces Unaudited Consolidated Earnings Results for the Half Year Ended June 30, 2016

Aug 30 16

Varitronix International Limited announced unaudited consolidated earnings results for the half year ended June 30, 2016. For the period, the company reported revenue of HKD 1,119,043,000 against HKD 1,283,161,000 a year ago. Profit from operations was HKD 13,113,000 against HKD 294,284,000 a year ago. Profit before taxation was HKD 12,180,000 against HKD 296,526,000 a year ago. Profit attributable to equity shareholders of the company was HKD 4,259,000 or 0.90 cents per basic and diluted share against HKD 280,409,000 or 84.45 cents per diluted share a year ago. Compared with the Group's results for the period ended 30 June 2015, there is a
significant decline in revenue, which is mainly due to the decrease in sales of monochrome automotive displays in South Korea and the People's Republic of China.

Varitronix International Limited Omits to Pay Dividend for the First Half of 2016

Aug 30 16

The Board of Directors of Varitronix International Limited resolved not to declare an interim dividend for the period ended 30 June 2016 against 15.0 HK cents for the first half of 2015.

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